Journals site for the Ekiti State University Ado Ekit
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Nigerian Journal of Banking and Financial Issues (NJBFI): LEVERAGING REVENUE GENERATION AND CAPITAL PROJECTS DEVELOPMENT FOR ECONOMIC GROWTH IN ABIA STATE, NIGERIA (1993 - 2023)
No full textThe study examined Revenue Generation and Capital Projects Development in Abia State. Ex-post factor research method design were adopted in the study. Time series were adopted. Secondary sources of data was used in the collection of the data used for the analysis. The study revealed the importance of revenue in the development of a state via investment in capital projects on health and Education in Abia state. Capital development projects were measured into Health Capital development projects and Educational Capital Development Projects. Auto regressive Distributed Lag Model Technique (ARDL) were used to analyze the data collected. The objectives of the study are to evaluate the effect of Revenue Generation (taxes, other revenue and Federal Allocation) on Health Capital Development project projects in Abia State, secondly to examine the influence of Revenue Generation (taxes, other revenue and Federal Allocation) on Educational Capital Development projects in Abia State. The findings revealed that Tax Revenue, and Federal Allocation have positive coefficient and insignificant effects on Health Capital Development projects in Abia State while Tax revenue, (OIGR) and Federal Allocation have positive coefficient and significant influence on Educational capital Development project in Abia State. This study concluded that Abia state investment is still low on Health and Educational sectors. They need fund to finance these projects and increase their level of investments towards Health and Educational projects in the state
Nigerian Journal of Banking and Financial Issues (NJBFI): IMPACT OF TOTAL SAVINGS ON AGRICULTURAL PRODUCTIVITY AMONG COMMERCIAL FARMERS IN EKITI STATE, NIGERIA
No full textThis research investigated the impact of total savings on agricultural productivity among commercial farmers in Ekiti State, Nigeria, utilizing a descriptive survey design. The specific population comprises 1,200 registered commercial farmers in Ekiti State, as recorded by the Ministry of Agriculture. A stratified random sampling technique was employed to select a representative sample of 300 farmers from different local government areas, considering the proportional distribution of farmers in each stratum. The study assessed the level of total savings among commercial farmers, identify patterns of investment in agricultural inputs, asset accumulation and emergency fund size Data for the study were gathered using a self-created survey called the “Impact of Total Savings on Agricultural Productivity Questionnaire” (ITSAPQ). Three null hypotheses were generated and tested at the significance level of 0.05. Data were analyzed using inferential statistics such as correlation and simple regression analysis. The study\u27s findings revealed investment in agricultural inputs and asset accumulation significantly influenced agricultural productivity. Also, the study revealed a positive correlation between emergency fund size and agricultural productivity among commercial farmers. Based on the findings, the study recommended that government should develop and implement supportive policies and initiatives that incentivize farmers to save and invest in sustainable agricultural practices. Also, Government should implement comprehensive financial literacy programmes targeted at commercial farmers to maximize the impact of their savings on agricultural productivity
Nigerian Journal of Banking and Financial Issues (NJBFI): MICROFINANCE BRANCH NETWORK AND ITS IMPLICATION ON FINANCIAL INCLUSION IN NIGERIA
No full textThis study explores the impact of microfinance banks on financial inclusion in Nigeria using data from 2011 to 2023. Microfinance institutions were established to address gaps in the economy left by traditional financial services, aiming to stimulate economic activity, reduce poverty, and foster growth. The research employs a quantitative approach, analyzing secondary data obtained from the World Bank and the Central Bank of Nigeria. Financial inclusion, measured by Financial Deepening (M2), is assessed alongside variables such as microfinance branch networks, microloans, and microsavings. The findings indicate a positive and significant relationship between these variables and financial inclusion. Recommendations include the formulation of comprehensive policies by financial regulators to promote financial intermediation across various sectors, thus enhancing financial inclusion
Nigerian Journal of Banking and Financial Issues (NJBFI): INCLUSIVE INSURANCE AND THE DEVELOPMENT OF MICRO, SMALL AND MEDIUM SCALE ENTREPRISES IN NIGERIA: A PANACEA FOR SDG 8
No full textInclusive insurance guarantees easy access to insurance services by enabling the most vulnerable and disadvantaged groups in society to take an active role in development and protect themselves against socioeconomic shocks. Many of the rural poor in Nigeria do not have access to typical insurance providers and services. This study looked at how the performance of micro, small, and medium-sized enterprises (MSMEs) in Nigeria was impacted by inclusive insurance, a panacea for SDG-8. Questionnaires and the survey research design approach were used to collect data. Data were analysed using the Pearson Chi-square method. The findings showed that although inclusive insurance had a positive and significant influence on the operations and growth of MSMEs, effective access to insurance services by MSMEs in Nigeria was hampered by a lack of knowledge and education campaigns on the topic. In order to promote inclusive insurance, the study\u27s suggestions include a policy roadmap for increasing access points to insurance services in underserved and rural areas, as well as concerted measures to increase access points to more rural areas and enhance infrastructure
Nigerian Journal of Banking and Financial Issues (NJBFI): EFFECT OF RELATIONSHIP MARKETING ON THE GROWTH OF DEPOSIT MONEY BANKS IN NIGERIA
No full textThis study examined whether the application of customer relationship marketing in the deposit money banks has improved customer’s satisfaction, development and retention in Ekiti state, Nigeria or not. The population of the study was made up of bank marketers and customers in Ekiti state. The population being infinite, the study used Cochran’s equation of infinite population to determine 135 populations for the study. The questionnaire administered was presented analyzed five point likert’s scale and hypotheses formulated for the study were tested with the t-test statistical tool with aid of Statistical Package for Social Sciences (SPSS) version 20.0 software package. The study revealed that the application of customer relationship marketing has improved the customer’s satisfaction in deposit money banks. Also, that customer relationship marketing has improved on customer’s retention in the money deposit banks Based on this, the study recommended that the deposit money banks should ensure high quality service delivery in order to promote customer’s satisfaction and create effective customer relationships
Nigerian Journal of Banking and Financial Issues (NJBFI): LEVERAGING REVENUE GENERATION AND CAPITAL PROJECTS DEVELOPMENT FOR ECONOMIC GROWTH IN ABIA STATE, NIGERIA (1993 - 2023)
No full textThe study examined Revenue Generation and Capital Projects Development in Abia State. Ex-post factor research method design were adopted in the study. Time series were adopted. Secondary sources of data was used in the collection of the data used for the analysis. The study revealed the importance of revenue in the development of a state via investment in capital projects on health and Education in Abia state. Capital development projects were measured into Health Capital development projects and Educational Capital Development Projects. Auto regressive Distributed Lag Model Technique (ARDL) were used to analyze the data collected. The objectives of the study are to evaluate the effect of Revenue Generation (taxes, other revenue and Federal Allocation) on Health Capital Development project projects in Abia State, secondly to examine the influence of Revenue Generation (taxes, other revenue and Federal Allocation) on Educational Capital Development projects in Abia State. The findings revealed that Tax Revenue, and Federal Allocation have positive coefficient and insignificant effects on Health Capital Development projects in Abia State while Tax revenue, (OIGR) and Federal Allocation have positive coefficient and significant influence on Educational capital Development project in Abia State. This study concluded that Abia state investment is still low on Health and Educational sectors. They need fund to finance these projects and increase their level of investments towards Health and Educational projects in the state
Nigerian Journal of Banking and Financial Issues (NJBFI): INTERNALLY GENERATED REVENUE AND ITS IMPACT ON BUDGET IMPLEMENTATION IN SOME SELECTED STATES IN NIGERIA (2013-2022)
No full textThis study investigated internally generated revenue and budget implementation across some selected states in Nigeria. Also, the study adopted ex post facto research design using secondary data covering a period of 10 years (2013 to 2022). Data were collected from four states selected from each of the six geopolitical zones in Nigeria to make up 24 states. Data were sourced from the Board of Internal Revenue of each state and National Bureau of Statistics. This study adopted both descriptive and inferential statistical analysis. Descriptive statistics consisted of mean, standard deviation, maximum and minimum while the inferential statistical analysis covered Pearson correlation analysis and panel regression estimation effects. The study revealed that road tax (ROD) has a positive but not significant effect on capital expenditure of selected states in Nigeria to the tune of 0.0807 (p=0.608>0.05); direct assessment tax (DAT) has a positive significant effect on capital expenditure of selected states in Nigeria to the tune of 0.488 (p=0.005<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on capital expenditure of selected states in Nigeria to the tune of 0.097 (p=0.131>0.05); Road tax (ROD) has a positive significant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0411 (p=0.039<0.05); Direct assessment tax (DAT) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0212 (p=0.854<0.05); Pay-As-You-Earn (PAYE) has a positive but insignificant effect on recurrent expenditure of selected states in Nigeria to the tune of 0.0464 (p=0.343>0.05). From the analysis conducted, it was concluded that there was a statistically significant effect of internally generated revenue on budget implementation in some selected states in Nigeria
Nigerian Journal of Banking and Financial Issues: INTERNALLY GENERATED REVENUE AND ITS IMPACT ON BUDGET IMPLEMENTATION IN SOME SELECTED STATES IN NIGERIA (2013-2022)
No full text© Department of Finance
Ekiti State University, Ado Ekiti, Nigeria.
The Nigerian Journal of Banking and Financial issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is biannual Journal published by the department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
The Journal contains analysis of Banking and Financial Issues relevant to the Nigeria Economic experience and financial policies. Opinions expressed herein are those of the authors are not necessarily those of the Department of Finance.
All right reserved. No part of this publication may be reproduced or transmitted in any form or by any means. electronic, mechanical, photocopying, recording or otherwise of series in any retrieval system of any nature, without the prior written permission of the copyright holder.
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Volume 10 No. 1, March 2024
ISSN: 119 - 8494
Printed in Nigeria by:
Department of Finance
Ekiti State University,
Ado Ekiti,
Nigeria.
Tel: 08035023117,
080283887163.
EDITOR -IN- CHIEF: PROF. J. A. OLOYEDE
MANAGING EDITOR: DR. (MRS) B. A. AZEEZ
ASSOCIATE EDITOR: DR. F. T. KOLAPO
ADVISORY BOARD
PROF. WOLE ADEWUNMI
PROF. W. I. IYIEGBUNIWE
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PROF. A. A. AWE
PROF. T. M. OBAMUYI
PROF. S. O. AKINMULEGUN
PROF. F. M. EPETIMEHIN
PROF. S. A. TELLA
PROF. R. O. SOMOYE
EDITOR
PROF. S. O. ADEUSI
PROF. A. O. ADARAMOLA
PROF. DAPO FAPETU
L. B. AJAYI
M. O. OKE
L. A. SULAIMAN
J. O. MOKOLU
J. A. AJAYI
BUSINESS MANAGERS
S. O. DADA
MRS. O. G. OBISEAN
MRS. A. O. ADEJAYAN
I. E. AJAYI
CALL FOR PAPERS
The Nigerian Journal of Banking and Financial Issues (NJBFI) provides a unique forum for the articulation and dissemination of applied research by academics and professionals in the field of Banking and Finance or related disciplines. It is a biannual Journal published by the Department of Finance, Ekiti State University, Ado Ekiti, Nigeria.
Interested contributors are invited to submit well researched papers which have not been provide published either in whole or part in any journal.
Three copies of the manuscript should be submitted, each copy of which must be typed on one
side of A4 sized paper only and double spaced.
Manuscript should not exceed twenty pages, including notes, references, table and chart.
The cover page of each manuscript should contain title of papers, names(s) and additional
authors(s).
An abstract of not more than 120 words typed single spaced on a separate sheet book precede the
main text. The short abstract should summarize the main argument of the article.
Bibliographical references should be indicated in the text using the author data style with page
numbers where necessary. All reference must adopt America psychological Associate (APA)
current style and reference pattern.
Table and charts should be placed as close as possible to relevant discussion. End noted should
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Manuscript which do not conform to these guidelines may be returned unprocessed.
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Journal of Banking and Financial Issues,
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Nigerian Journal of Banking and Financial Issues (NJBFI): MICROFINANCE BRANCH NETWORK AND ITS IMPLICATION ON FINANCIAL INCLUSION IN NIGERIA
No full textThis study explores the impact of microfinance banks on financial inclusion in Nigeria using data from 2011 to 2023. Microfinance institutions were established to address gaps in the economy left by traditional financial services, aiming to stimulate economic activity, reduce poverty, and foster growth. The research employs a quantitative approach, analyzing secondary data obtained from the World Bank and the Central Bank of Nigeria. Financial inclusion, measured by Financial Deepening (M2), is assessed alongside variables such as microfinance branch networks, microloans, and microsavings. The findings indicate a positive and significant relationship between these variables and financial inclusion. Recommendations include the formulation of comprehensive policies by financial regulators to promote financial intermediation across various sectors, thus enhancing financial inclusion
Nigerian Journal of Banking and Financial Issues (NJBFI)
No full textThis paper analyzed the extent to which foreign exchange demand affects migration, economic growth, and inflation utilizing quarterly data from the Central Bank of Nigeria\u27s Statistical Bulletin. Autoregressive Distributed Lag (ARDL) technique was used to analyze the data. The study showed that migration rate had significant postive relationship with demand for foreign currency (t=0.196342 and p=0.0450<0.05). Negative significant relationship was also observed between economic output product (GDP) and foreign exchange demand (t=-0.274375, p=0.0047<0.05). There was also insignificant positive relationship between the rate of inflation and foreign exchange demand (t=-0.110176, p=0.09126<0.05). The conclusion of testing the autoregressive distributive lag model (ARDL) hypothesis is that migration rate has a positive substantial influence on Nigeria\u27s demand for foreign currency both in the short run and the long run. This result corroborated the Japa syndrome that is currently ravaging the less developed countries, particularly in Nigeria. The study recommended for policies that would mitigate the effect currency depreciation and curb inflation, accelerate economic growth thereby reducing migration rate and ensure that foreign exchange demand channeled towards economic activities